Lausanne: Swiss Prime Site buys large property
The real estate company announces the acquisition of a large office property in Lausanne-West.
According to Swiss Prime Site, it has acquired an "architecturally unique office property" in a prime location in Lausanne-West. SPS puts the triple-net rental income at CHF 4.75 million and the yield at 4.0%. According to the press release, the building with 14,600 square meters of usable space was completed in 2023 and meets the latest sustainability standards. It is half of a commercial complex located in a park landscape with over 250 trees and offers a panoramic view of Lake Geneva and the French Alps. The property is let at 100% and with a weighted average lease term of 20 years to more than 15 tenants from the technology and defense sectors as well as research institutes.
Following an acquisition in Geneva (IB reported), this transaction is "a further step towards realizing our announced acquisition pipeline with a total annual rental income of more than CHF 17 million by early/mid-2026", says SPS CEO René Zahnd. The company is in "advanced talks" regarding further properties. (aw)
